Film and media production tax credit.

The credit's expiration date was extended from July 1, 2027, to July 1, 2035.

Added committee report details showing the bill was reported favorably by the Tax and Fiscal Policy Committee with unanimous approval (12 yeas, 0 nays).

Changed document format from 'Senate Enrolled Act' to 'Senate Bill' format, including updated digest information and legislative session details.

The expiration date for the film and media production tax credit was extended from July 1, 2027 to July 1, 2031, providing additional years for the program to operate.

New provisions allow taxpayers to assign any part of their film and media production tax credit to another taxpayer, subject to specific reporting requirements and restrictions on subsequent assignments.

New limits were established: individual credits cannot exceed $250,000 and the total program funding cannot exceed $2,000,000 before expiration.

Taxpayers must notify the corporation of credit assignments in a prescribed manner, and both parties must report assignments on their state tax returns.